Learn how to take losses quickly and cleanly. Don’t expect to be right all the time. If you have made a mistake, cut your losses as quickly as possible.
October 16, 2017
The world of active investment management was dramatically and negatively impacted on March 6, 2006. On that day, the New York Stock Exchange became a for-profit organization. The impact of the event would be disruptive to active management for years, yet the impending impact was missed by everybody. After all, who would...